The Supreme Court ruled last week that the city of Miami could sue banks for predatory lending practices that disadvantaged Black and Hispanic homeowners during the run-up to the housing market collapse of 2008.
In a 5-3 decision, the justices found that the city had the right to sue Bank of America but did not weigh in on whether or not Miami officials had sufficient evidence to prove wrongdoing on the part of the bank. Chief Justice John Roberts sided with the liberal wing of the court, and the newest justice, Neil Gorsuch, did not participate in the decision.
According to Slate, the ruling strengthened the Fair Housing Act by allowing cities to sue corporations that engage in predatory lending practices that increase segregation.
Ashley Archibald is a Staff Reporter covering local government, policy and equity. Have a story idea? She can be can reached at ashleya (at) realchangenews (dot) org. Twitter @AshleyA_RC
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